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Price and trend forecast of MATRIMONY for Tomorrow, Weekly, Monthly

Matrimony.Com Limited

Symbol: NSE:MATRIMONY

ISIN: INE866R01028

560.75

As on 2024-04-12

499.25 (52W Low) 722.60 (52W High)

MATRIMONY's Today's Performance

Matrimony.Com Limited started the day by opening at 570.10 today 2024-04-12. Its shares reached a high of 576.15 and dipped to a low of 557.95 in intraday. When the markets closed, MATRIMONY’s stock price settled at ₹560.75 per share. Also check out its key support and resistance levels.

MATRIMONY Buy/Sell Targets

Tomorrow, sell MATRIMONY when its price reaches ₹ 560.75 with a stop-loss order at ₹ 572.43. You can set the target price as ₹ 549.08 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MATRIMONY for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for MATRIMONY

Resistance Levels Value in ₹
Tomorrow Resistance 1 572
Tomorrow Resistance 2 583
Tomorrow Resistance 3 590

Important Supports for MATRIMONY

Support Levels Value in ₹
Tomorrow Support 1 554
Tomorrow Support 2 547
Tomorrow Support 3 536
Based on where the stock opens tomorrow, if MATRIMONY opens on a positive note, our first target will be ₹572. If Target 1 is achieved, we will aim for Target 2 which is ₹583.

But if MATRIMONY falls below the average value of ₹564.95, you can enter a sell side position with target number 1 - ₹554 and second target - ₹547 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MATRIMONY

Looking at MATRIMONY, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MATRIMONY has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MATRIMONY is moderate bullish.

Tomorrow's Volume based share price Forecast for MATRIMONY

MATRIMONY's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -39%.

Reversal detection for MATRIMONY

Predicted trend chart of MATRIMONY tomorrow for price forecast
MATRIMONY may trend may continue to be bearish since stock is making lower low and we can get target of ₹571 in morning tomorrow
Target 1 tomorrow572
Target 2 tomorrow576
Target 3 tomorrow583
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MATRIMONY's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MATRIMONY opens on a positive note, our first target will be ₹571.95. If Target 1 is achieved, we will aim for Target 2 which is ₹583.15.

But if MATRIMONY falls below the average value of ₹564.95, you can enter a sell side position with target number 1 - ₹553.75 and second target - ₹546.75

MATRIMONY's Weekly Targets
1st Up Target 579.40
2nd Up Target 598.05
1st Down Target 546.05
2nd Down Target 531.35

As the week for MATRIMONY ended on bullish sentiments, we can expect further continuation of this sentiment. MATRIMONY's initial target will be 579.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 546.05 in the upcoming week.

Weekly OHLC Values
Open 558.15
High 583.35
Low 550.00
Close 560.75

Week for MATRIMONY started with an open price of 558.15, and the close was at 560.75. MATRIMONY reached the highest of 583.35 and dipped lowest up to 550.00 last week. This indicates a bullish sentiment for the week.

MATRIMONY full month swing targets
Monthly Up Target 1 612.75
Monthly Up Target 2 631.40
Monthly Down Target 1 512.70
Monthly Down Target 2 464.65

Targets of ₹612.75 can be expected to be reached in the coming month. Once MATRIMONY achieved this target, we can aim for the next upside target of ₹631.40.

MATRIMONY if fails to hold upside, down targets of ₹512.70 and ₹464.65 can be achieved by end of this month.

For complete three weeks if MATRIMONY is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as MATRIMONY

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BHARTIARTL Bharti Airtel Limited Telecom Services
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NAUKRI Info Edge (India) Limited Internet Content & Information
IDEA Vodafone Idea Limited Telecom Services
TATACOMM Tata Communications Limited Telecom Services

Summary

MATRIMONY is expected to reach the target of 571.95 in tomorrow's trading session.

After achieving the initial target in MATRIMONY, we will aim for higher targets of 583.15 tomorrow.

However, if MATRIMONY starts to trade below ₹564.95, then we will shift our focus to the sell side and aim for down targets of 553.75 and 546.75.